Meanwhile, Indonesia and the European Union have completed the first week of the 11th round of negotiations of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).
The series of the 11th round of IEU-CEPA negotiations will be held on a hybrid basis from November 8 to 19, 2021.
Director General of International Trade Negotiations at the Ministry of Commerce (Kemendag), Djatmiko Bris Witjaksono, explained that the first week of the 11th round of negotiations managed to make progress in discussing 14 trade and investment issues. The second week of the 11th round of negotiations continues from Monday (15/11/2021).
Both parties have agreed to explore intercessory meetings before the end of 2021.
“Indonesian Trade Minister Muhammad Lutfi and European Union Executive Vice President Valdis Dombrovskis met on the sidelines of the Organization for Economic Co-operation and Development (OECD) meeting last October. Both parties agreed to press for the negotiations to be completed as soon as possible and to give negotiators a mandate to progress in this 11th round,” Djatmiko said, quoted in the Ministry of Commerce statement on Tuesday (11/16). /2021).
The 14 issues addressed in this round of negotiations include trade in goods, trade in services, investment, competition, provisions on the origin of goods, technical barriers to trade, sanitation and phytosanitary, and commercial security instruments.
In addition, trade and sustainable development, small and medium enterprises, economic cooperation and capacity building, public procurement, dispute settlement, as well as transparency and good regulatory practices.
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